First Industrial Realty Trust Inc. (NYSE:FR) – Stock analysts at KeyCorp boosted their FY2017 earnings estimates for First Industrial Realty Trust in a research note issued on Monday. KeyCorp analyst C. Mailman now expects that the brokerage will post earnings per share of $1.51 for the year, up from their previous estimate of $1.50.

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Earnings History and Estimates for First Industrial Realty Trust (NYSE:FR)

Several other analysts also recently weighed in on the company. Jefferies Group restated a “hold” rating on shares of First Industrial Realty Trust in a research note on Wednesday, November 16th. Zacks Investment Research downgraded First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.00.

First Industrial Realty Trust (NYSE:FR) traded up 1.44% during mid-day trading on Tuesday, reaching $26.85. The company’s stock had a trading volume of 359,331 shares. First Industrial Realty Trust has a 12 month low of $18.89 and a 12 month high of $29.75. The firm has a market capitalization of $3.14 billion, a PE ratio of 21.71 and a beta of 1.04. The stock’s 50-day moving average is $26.16 and its 200-day moving average is $27.16.

In related news, Director H Patrick Hackett, Jr. sold 9,050 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $25.76, for a total value of $233,128.00. Following the completion of the transaction, the director now directly owns 75,442 shares in the company, valued at $1,943,385.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.83% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Financial Market News and is owned by of Financial Market News. If you are viewing this news story on another website, it was illegally copied and republished in violation of international copyright and trademark law. The legal version of this news story can be accessed at http://www.financial-market-news.com/keycorp-analysts-raise-earnings-estimates-for-first-industrial-realty-trust-inc-fr/1208807/.

Institutional investors have recently modified their holdings of the company. Advisor Group Inc. acquired a new position in shares of First Industrial Realty Trust during the second quarter worth about $109,000. Daiwa Securities Group Inc. boosted its position in shares of First Industrial Realty Trust by 10.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of First Industrial Realty Trust by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,424 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 435 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of First Industrial Realty Trust by 85.8% in the second quarter. LS Investment Advisors LLC now owns 7,069 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 3,264 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in shares of First Industrial Realty Trust during the third quarter worth about $214,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company owns approximately 590 in-service industrial properties containing approximately 63.6 million square feet of gross leasable area (GLA).

5 Day Chart for NYSE:FR

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